Use Case: Generate Forecast Billing Schedules and Billing Summaries on the Proposal
Business Context
Sales teams often need to show prospective customers exactly what their billing will look like before a deal is closed, and Forecast Billing Schedules and Summaries on the Proposal solve this by letting reps generate a preview of billing schedules directly from the Quote/Proposal. The resulting forecast can then be merged into the proposal document itself and sent to the customer, and reps can re-forecast as needed if pricing, dates, or billing frequency change. Because forecast billing schedules are recalculated automatically whenever the product configuration or an asset-based amendment changes, sales reps always present up-to-date figures rather than stale numbers. This gives customers billing transparency at the point of sale and gives the business a consistent way to align quoting, forecasting, and eventual invoicing before the deal is even signed.
Forecast Billing Schedules: Forecasting billing schedules give you a preview of the billing schedules that are generated on the proposal. Forecast billing schedules at a glance provide information about the entire billing cycle.
Forecast Billing Summary: Forecast billing summary is a grouped snapshot of the forecast billing schedules. Forecast billing summary provides a graphical view of each billing period.
Generating Forecast Billing for a Quote/Proposal
Forecast billing summary and billing schedules are visible.
Forecast billing schedules are added to the related list of the Quote/Proposal.
If you make changes to the product configuration or perform asset-based amendments, forecast billing schedules are recalculated based on the changes made to the product or the asset. New forecast schedules are created to reflect the change. To see the impact of asset-based amendments on billing schedules, refer to Managing Assets.
Forecast billing schedules functionality is not supported for:
- Quote/Proposal associated with a billing plan
- Informational line items of bundle and option products
To delete forecast billing schedules once the actual billing schedules are generated, select Delete Forecast checkbox in Billing System Properties.
For information on forecasting evergreen or usage products, refer to Forecast Billing Schedules for Usage and Evergreen Products.
